Macro observations April and the second quarter of 2017 are set to begin with a bang, although hopefully not literally as within days of the triggering of Article 50 former political figures within the UK establishment suggest a Falklands-esque defence of Gibraltar should Spain make a play for the British enclave during Brexit negotiations. Theresa…
What a momentous week for the UK. With the official triggering of Article 50 now out of the way, Brexit is set to grip the financial world for the next two, and potentially more, years with a constant stream of changing information as Britain departs from the EU. But what should you be watching as the…
March may have proved a little more volatile than recent months, however, the UK’s UK 100 is still expected to move into April 1.5% to the good. A very respectable performance given last week we were almost back to breakeven, having sold off from fresh record highs the week prior. This month has thus offered…
31 Mar Marketwatch “Market weakness [on Friday] may be explained by an element of risk-off into the week-, month- and quarter-end following one of the best starts to the year since 2013. This despite political risk aplenty, the most recent coming from South Africa,” said analysts at Accendo Markets in a note. http://www.marketwatch.com/story/UK Index -100-slides-but-heads-for-4th-straight-quarterly-gain-2017-03-31…
Shares in Plumbing and Building merchant Wolseley (WOS) are top of the UK 100 this morning after consensus-beating H1 results, a 10% dividend hike and strategic Nordic exit to focus on the key US market. Like-for like/organic group sales +3.2% is solid, helped by a Q2 acceleration in both the US and UK. Group revenues…
Macro observations With 9 months now passed since the UK’s referendum on EU membership, this week we will finally see the UK government officially notify the EU of its wish to leave the bloc, culminating in the triggering of Article 50 and the point of no return. While the announcement in itself is likely to…